Business / Finance / Intermarket Trading System (ITS): Electronic communications network linking the trading floors of seven registered exchanges to permit trading among them in stocks listed on either the NYSE or AMEX and one or more regional exchanges. Through ITS, any broker or market maker on the floor of any participating exchange can reach other participants for an execution whenever the nationwide quote shows a better price available. A floor broker on the exchange can enter an ITS order to assure excecution of all of an offering or bid, instead of splitting it with competing brokers.
System Adjective Synonyms: organized whole, organization, set, group, combination, structure, arrangement, pattern, set-up
System Noun Synonyms: scheme, method, approach, modus operandi, way, procedure, methodology, technique, plan, process, practice, routine
Business / Agriculture / Performance Based Inspection System (PBIS): A computer-based system used by USDA’s meat and poultry inspection agency, the Food Safety and Inspection Service. The system organizes inspection requirements, schedules inspection activities, and MORE
Entertainment / Golf / Peoria Scoring System: A system of scoring where 6 secret holes are selected, prior to the tournament, and a formula is applied using the scores from those 6 holes to determine a final score (more on tournament formats) MORE